Deltec Asset Management LLC lessened its stakes in shares of Starbucks Co. (NASDAQ: SBUX) by 54.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,000 shares of the coffee company stock after selling 32,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Starbucks were worth $ 1,450,000 at the end of the most recent quarter.
Several other large investors have recently added their stakes in SBUX. Noesis Capital Corp. Corp. lifted its stake in Starbucks by 41.8% in the first quarter. Noesis Capital Corp. now owns 5,769 shares of the coffee company’s stock worth $ 337,000 after acquiring an additional 1,700 shares during the period. Cibc World Markets Corp. lifted its stake in Starbucks by 20.0% in the first quarter. Cibc World Markets Corp. now owns 152,207 shares of the coffee company’s stock worth $ 8,887,000 after acquiring an additional 25,373 shares during the period. SVA Plumb Wealth Management LLC Lifts Starbucks by 10.1% in the first quarter. SVA Plumb Wealth Management LLC now owns 35,554 shares of the coffee company’s stock worth $ 2,076,000 after acquiring an additional 3,250 shares during the period. IFM Investors Pty Ltd lifted its stake in Starbucks by 58.4% in the first quarter. IFM Investors Pty Ltd now owns 29,530 shares of the coffee company’s stock worth $ 1,724,000 after acquiring an additional 10,893 shares during the period. Finally, Vaughan David Investments, Inc., Inc., has lifted its stake in Starbucks by 0.6% in the first quarter. Vaughan David Investments Inc. IL now owns 4,649 shares of the coffee company’s stock worth $ 271,000 after acquiring an additional 26 shares during the period. 70.67% of the stock is owned by hedge funds and other institutional investors.
A number of analysts recently commented on the company. Vetr Starbucks from a “buy” rating to a “hold” rating and set at $ 61.72 price target for the company. in a research note on Monday, January 8th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $ 70.00 price on Starbucks in a research note on Friday, January 5th. Tigress Financial reissued a “buy” rating on shares of Starbucks in a research report on Tuesday, January 2nd. Zacks Investment Research Starbucks from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, UBS Group set up a $ 64.00 price on Starbucks and Gave the Company a “buy” rating in a research report on Wednesday, November 15th. One equities research analyst has a rating of 20, one of which has a hold of a rating, and one of which has a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $ 63.23.
Starbucks Co. ( SBUX ) opened at $ 60.40 on Friday. Starbucks Co. has a low month of $ 52.58 and a high month of $ 64.87. The company has a current ratio of 1.25, a quick ratio of 0.93 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $ 85,940.00, a price-to-earnings ratio of 30.66, a PEG ratio of 1.60 and a beta of 0.76.
Starbucks (NASDAQ: SBUX) last issued its quarterly earnings on Thursday, November 2nd. The coffee company reported $ 0.55 per share for the quarter, meeting the consensus estimate of $ 0.55. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The firm had revenue of $ 5.70 billion during the quarter, compared to the consensus estimate of $ 5.81 billion. During the same period last year, the company earned $ 0.56 per share. The company’s revenue was down .2% on a year-over-year basis. sell-side analysts anticipate that Starbucks Co. will post 2.37 EPS for the current fiscal year.
In related news, insider Howard D. Schultz sold 290,176 shares of Starbucks in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $ 57.03, for a total value of $ 16,548,737.28. 29,872,564 shares in the company, valued at approximately $ 1,703,632,324.92. The transaction was disclosed in the Securities & Exchange Commission, which is available through this link . Also, Director Craig Weatherup sold 56,666 shares of Starbucks in a transaction dated Monday, November 20th. The stock was sold at an average price of $ 56.73, for a total value of $ 3,214,662.18. The director now owns 56,666 shares of the company’s stock, valued at $ 3,214,662.18. The disclosure for this sale can be found here . Insiders sold a total of 497,808 shares of company valued at $ 28,559,521 over the last quarter. 3.40% of the stock is owned by corporate insiders.
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Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China / Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
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